ACWI vs VTV: Correlation & Overlap
iShares MSCI ACWI ETF (ACWI) and Vanguard Value ETF (VTV) show a very strong relationship: their 3-year correlation of weekly returns is 0.82. The two funds also share 28.1% of their portfolios by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and VTV?
On 3 years of weekly data the ACWI/VTV correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.68) than the 3-year average (0.82). The 5-year figure is 0.86, and annualized covariance runs at 135.2 %².
Among the 119 assets we track against ACWI, VTV ranks #37 by 3-year correlation. Neither side won the trailing year by much: +22.7% against +25.7%. The rolling one-year correlation stayed in a tight band between 0.68 and 0.91 over the past three years, which points to a structural rather than episodic relationship.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACWI vs VTV: side by side
| ACWI (iShares MSCI ACWI ETF) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +22.7% | +25.7% |
| 5-year return | +69.0% | +79.1% |
| Volatility (ann.) | 13.8% | 11.9% |
| Beta vs S&P 500 | 0.92 | 0.65 |
| Max drawdown (3Y) | -16.5% | -14.5% |
| Dividend yield | 1.44% | 1.86% |
| Expense ratio | 0.32% | 0.03% |
| Assets under management | $32.5B | $256.4B |
| Sector / category | ETF · Global | ETF · US Style |
ACWI is a Global Large-Stock Blend fund from iShares: $32.5B under management, 1590 holdings, a 0.32% expense ratio, a 1.44% trailing dividend yield. On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Portfolio overlap between ACWI and VTV
The two portfolios partially overlap: 28.1% of the funds' weight sits in the same underlying holdings (302 common positions). Correlation tells you they move together; overlap tells you why.
| Common holding | Weight in ACWI | Weight in VTV |
|---|---|---|
| MU | 1.01% | 3.46% |
| JPM | 0.92% | 3.51% |
| BRK.B | 0.67% | 2.99% |
| XOM | 0.63% | 2.40% |
| JNJ | 0.62% | 2.30% |
| ABBV | 0.45% | 1.65% |
| WMT | 0.44% | 1.82% |
| CSCO | 0.43% | 1.53% |
| BAC | 0.40% | 1.47% |
| MRK | 0.38% | 1.20% |
| INTC | 0.37% | 0.68% |
| CAT | 0.37% | 1.40% |
| CVX | 0.35% | 1.39% |
| UNH | 0.35% | 1.40% |
| GE | 0.35% | 0.70% |
Largest positions held only by ACWI: NVDA (4.64%), AAPL (4.41%), MSFT (3.35%), AMZN (2.41%), GOOGL (1.91%). Only by VTV: BRK.A (0.54%), EA (0.20%), AVB (0.10%), EQR (0.09%), LUV (0.08%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 15 common positions shown.
Year-by-year returns
| Year | ACWI | VTV |
|---|---|---|
| 2022 | -18.4% | -2.1% |
| 2023 | +22.3% | +9.3% |
| 2024 | +17.4% | +16.0% |
| 2025 | +22.4% | +15.3% |
| 2026 | +14.9% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and VTV good diversifiers for each other?
No. With a correlation of 0.82, ACWI and VTV move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ACWI and VTV?
The ACWI/VTV correlation stands at 0.82 on a 3-year window (1 year: 0.68, 5 years: 0.86), computed from weekly returns as of 2026-08-27.
Is VTV a good diversifier for ACWI?
No. With a correlation of 0.82, ACWI and VTV move nearly in lockstep, so holding both adds very little diversification.
How much do ACWI and VTV overlap?
Per the issuers' own portfolio disclosures (2026-08-26), the overlap is 28.1% by weight over 302 common positions.
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Related comparisons
Hubs: ACWI correlations · VTV correlations
